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A proprietor who just inherited a building is considering using it in a new business venture.Projections for the business are: revenue of $100,000, fixed cost
A proprietor who just inherited a building is considering using it in a new business venture.Projections for the business are: revenue of $100,000, fixed cost of $30,000, and variable cost of $50,000.If the business is not started, the owner will work for a company for a wage of $23,000.Also, there have been two offers to rent the building, one for $1,000 per month and one for $1,200 per month.What is the expected annual net economic profits (losses) to the owner if the new business is started? I need solution
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